Sometimes a little red tape is what is needed

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Peer-to-peer lending could boost the economy. Or it could be tarnished by fraud if the Treasury does not act

Increasingly you wonder if there isn’t some weird, masochistic thing going on at the Treasury.

It is hard to believe that nobody realised they would get a good spanking for the pasty tax, the caravan tax and the charity tax relief cap. Yet they went ahead anyway.

And another self-inflicted wound is waiting to happen that is just as baffling. Try to imagine the most damaging headlines the Treasury could suffer and high up the list would be: “Thousands lose savings in new banking scandal. Government ignored warnings about lack of regulation.”